Friday Lost + Found: Just How Much Are States Holding?
As the East Coast prepares for its first major snowstorm of 2016, we take a quick look at some recent stories concerning the dollar value of unclaimed property held by state governments.
California — Over $8 billion
Connecticut — $710 million
Illinois — Over $2 billion
Maryland — Over $1 billion
New York — Over $14 billion
According to the National Association of Unclaimed Property Administrators, the states collectively are holding in excess of $40 Billion in unclaimed property for the rightful owners of those sums.
Like so many snowflakes, those misplaced pennies add up.